Beijing, PRC, January 27, 2010 ¨C China Distance Education Holdings Limited (NYSE:
DL) ("CDEL" or the "Company"), a leading provider of online education in China
focusing on professional education, today announced that the Company has obtained
approval to offer study process monitoring programs for self-taught higher education
learners in Yunnan Province, and has signed a multi-year exclusive contract with the
Yunnan Provincial Admission Education and Examination Authority (Yunnan AEA),
the designated administrator of self-taught higher education in Yunnan, to offer the
program.
As part of the agreement, CDEL and Yunnan AEA will jointly develop and operate a
new self-taught study process monitoring supplementary education online platform,
yunnan.zikao365.com.
The self-taught higher education program is a self-study program designed to allow
learners in China to obtain post-secondary education without having to pass the Uniform
Entrance Exams ("Gaokao") or attend a traditional college or university. Degrees are
granted by the Ministry of Education ("MOE") to self-taught learners who have passed
all exams relating to the diploma or degree courses and who satisfy certain other
requirements. Traditionally, 100% of the credits needed to pass self taught programs are
earned through final exam scores administered by the MOE. Through CDEL¡¯s study
process monitoring program, learners can earn up to 30% of their credits from
attendance, assignments and quizzes. The program is designed to foster meaningful
learning habits and strengthen the overall educational process.
Mr. Zhengdong Zhu, Chairman and CEO of CDEL commented, "Following the
successful launch in Tianjin, and new contracts signed in Beijing and Jiangsu in 2009, I
am pleased to announce the continued expansion of our self-taught program in 2010
with this new partnership with Yunnan AEA. As a major province in Southern China,
Yunnan Province accounts for roughly 150,000 of the approximately ten million selftaught
higher education examination takers in China. We expect to see enrollment
contribution from the Yunnan program in 2010.
"We believe this contract demonstrates the positive momentum building behind our selftaught
higher education program. Given the large market opportunity in self-taught
study process monitoring and the strong reputation we have built in the field, we are
confident in the long-term potential of this segment."
About China Distance Education Holdings Limited
China Distance Education Holdings Limited is a leading provider of online education in China focusing on professional education.The courses offered by the Company are designed to help professionals and other course participants obtain and maintain the skills, licenses and certifications necessary to pursue careers in China in the areas of accounting, law, healthcare, construction engineering, information technology and other industries. The Company also offers online test preparation courses to self-taught learners pursuing higher education diplomas or degrees and to secondary school and college students preparing for various academic and entrance exams.In addition, the Company offers online foreign language courses.
CDEL Contacts: |
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China Distance Education Holdings Limited |
Investor Relations (HK): |
Lingling Kong, Investor Relations Manager |
Ruby Yim, Managing Director |
Tel: +861082319999 ext 191 |
Taylor Rafferty |
Email:IR@cdeledu.com |
Tel: +852-2167-2008 |
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Email: cdel@taylor-rafferty.com |
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Investor Relations (US): |
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Mahmoud Siddig, Director |
|
Taylor Rafferty |
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Tel: +1 (212) 889-4350 |
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Email:cdel@taylor-rafferty.com |
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